THE ELIZABETH CITY STATE UNIV FOUNDATION (EIN 237115345) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

LADANIEL GATLING II

Phone

2523353225

Tax Period

2024-07-01 to 2025-06-30

THE ELIZABETH CITY STATE UNIV FOUNDATION, founded in 1971, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $796K, a strong 25% operating margin.

Mission

THE ECSU FOUNDATION MISSION IS TO SERVE AS THE STEWARD OF PRIVATE CONTRIBUTIONS TO ELIZABETH CITY STATE UNIVERSITY TO PROVIDE EDUCATIONAL ASSISTANCE FOR STUDENTS, TO SUPPORT FACULTY, AND TO SECURE THE OPERATIONAL NEEDS OF THE UNIVERSITY. THE FOUNDATION RECEIVES, INVESTS, AND ADMINISTERS FUNDS RECEIVED, BECAUSE OF CHARITABLE CONTRIBUTIONS FROM THE PRIVATE SECTOR, ON BEHALF OF THE STUDENTS AND PROGRAMS AT ECSU AND, AS A RESULT, FOR THE GREATER GOOD OF THE COMMUNITY. THE FOUNDATION SECURES AND MANAGES FUNDS, ON BEHALF OF ECSU, TO ESTABLISH SCHOLARSHIPS, SUPPORT DISTINGUISHED PROFESSORSHIPS, AND DELIVER BOTH ACADEMIC AND COMMUNITY OUTREACH PROGRAMMING. IN ALL ITS EFFORTS, THE ECSU FOUNDATION IS DEDICATED TO THE ADVANCEMENT AND PROMOTION OF ELIZBETH CITY STATE UNIVERSITY. ONE OF THE MAIN FUNDRAISING EVENTS IS THE ANNUAL FOUNDER'S DAY GALA, HELD IN THE FOUNDING MONTH OF MARCH. DURING THE PAST 18 YEARS, THE FOUNDERS DAY SCHOLARSHIP GALA HAS HELPED RAISE MORE THAN $1.9 MILLION FOR STUDENT SCHOLARSHIPS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,614,941

Program Service Revenue $821,404

Investment Income $682,884

Other Revenue $35,266

TOTAL REVENUE $3,154,495

Expense Breakdown

Grants Paid $573,365

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,804,247

Other Expenses $1,785,100

TOTAL EXPENSES $2,358,465

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,154,495	$3,350,015	-0.1%
Expenses	$2,358,465	$2,418,589	0.0%
Net Income	$796,030	$931,426	-0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$249,569

Total Directors

$249,569

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMREY RHINEHARDT	CHAIRMAN	4.00	Officer Director	$0	$0	$0
BERNADINE A COBB	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JERMAINE MCKINLEY	TREASURER	2.00	Officer Director	$0	$0	$0
ANNALISA CARAWAN MORGAN	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHERINE EDMONDS	INTERIM CHANCELLOR	2.00	Director	$0	$0	$0
JENNIFER BAILEY	BOARD MEMBER	2.00	Director	$0	$0	$0
COL RANDY B BELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES BELL	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES CHERRY II	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA M GARDNER	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTINE EVANS	NON-VOTING BOARD MEMBER	1.00	Director	$0	$0	$0
LORI GIBBS	BOARD MEMBER	2.00	Director	$0	$0	$0
TIMOTHY MINOR	BOARD MEMBER	2.00	Director	$0	$0	$0
NYLISSA SNAGG	NON-VOTING BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT THIBEAULT	NON-VOTING BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN WADE	EXECUTIVE DIRECTOR/NON-VOTING MEMBER	40.00	Officer Director	$0	$65,837	$249,569
RAYMOND WEAVER	BOARD MEMBER	2.00	Director	$0	$0	$0
KENNETH WEEDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA WESTBROOK	BOARD MEMBER	2.00	Director	$0	$0	$0
SADIE JOHNSON-CARTER	BOARD MEMBER	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$3,154,495	$2,358,465	$22,540,024	$796,030
2024	$3,350,015	$2,418,589	$21,460,773	$931,426
2023	$2,677,330	$2,464,054	$20,234,174	$213,276
2022	$3,296,058	$3,000,230	$19,167,827	$295,828
2021	$2,780,872	$9,435,171	$21,052,714	$-6,654,299
2020	$2,773,827	$1,830,407	$17,145,033	$943,420
2019	$2,016,407	$4,186,826	$15,685,234	$-2,170,419
2018	$1,741,847	$2,157,138	$20,677,855	$-415,291

THE ELIZABETH CITY STATE UNIV FOUNDATION